News release

ConvaTec Selects EDS, an HP Company, to Manage IT Environment

EDS, an HP company, and global medical device company ConvaTec today announced they have signed a $95 million information technology (IT) services agreement.

Under the new five-year agreement, EDS will manage ConvaTec’s IT infrastructure and communications network, enabling the company to accelerate growth in the wound therapeutics, critical care and ostomy care markets.

“Our relationship with EDS supports our strategic direction within information management of using external service providers to help speed service delivery and achieve economies of scale,” said William Compton, chief information officer, ConvaTec. “We look forward to building our relationship with EDS as it creates and provides the technology infrastructure for ConvaTec as a newly formed stand-alone company.”

With this agreement, EDS will manage ConvaTec’s information storage and server environments as well as the company’s voice and data communications network that connects its employees worldwide. EDS also will manage ConvaTec’s end-user computing environment, including desktop, service desk and on-site services.

“By entrusting IT services to EDS, ConvaTec staff will be able to improve productivity and efficiency to focus fully on improving patients’ quality of life,” said Sean Kenny, vice president and leader, Healthcare, EDS, an HP company. “ConvaTec has an aggressive growth plan, and EDS’ solution enables it to scale. As ConvaTec’s trusted business ally, EDS will provide the enabling platform to facilitate growth, realize economies of scale and achieve standard, high-quality service levels.”

EDS Agility Alliance partners and HP will provide products and services to ConvaTec. EDS and its Agility Alliance partners collaborate to design, build and run a market-leading services platform and develop technology-based services to deliver tangible client results. EDS Agility Alliance partners include Cisco, EMC, Microsoft, Oracle, SAP, Sun Microsystems and Xerox.

EDS founded the healthcare IT services industry more than 40 years ago. Today, EDS touches more than 200 million lives annually and performs 2.4 billion healthcare transactions per year, including 1 billion in healthcare claims annually. EDS is the nation’s largest provider of Medicaid and Medicare process management services, administering $95 billion in benefits a year and serves as fiscal agent or principal IT provider for Medicaid in 21 states. With more than 9,000 professionals dedicated to supporting healthcare clients worldwide, EDS’ global healthcare experience spans payer, provider, government and life science communities.

About ConvaTec

ConvaTec is a leading developer and marketer of innovative medical technologies that have helped improve the lives of millions of people worldwide. With four key business divisions – ostomy care, wound therapeutics, continence and critical care, and infusion devices – ConvaTec products support health care professionals from the hospital to the community health setting. From its headquarters in Skillman, N.J., the company oversees more than 8,000 employees in over 90 countries serving consumers and their health care professionals on six continents. For more information, please visit www.convatec.com.

About EDS

EDS, an HP company, is a leading global technology services provider, delivering business solutions to its customers. EDS founded the information technology outsourcing industry more than 46 years ago. Today, EDS delivers a broad portfolio of information technology, applications and business process outsourcing services to customers in the manufacturing, financial services, healthcare, communications, energy, transportation, and consumer and retail industries, and to governments around the world.

About HP

HP, the world’s largest technology company, provides printing and personal computing products and IT services, software and solutions that simplify the technology experience for consumers and businesses. HP completed its acquisition of EDS on Aug. 26, 2008. More information about HP (NYSE: HPQ) is available at http://www.hp.com.

This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of HP and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements of the plans, strategies and objectives of management for future operations; any statements concerning expected development, performance or market share relating to products and services; anticipated operational and financial results; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include the execution and performance of contracts by HP and its customers, suppliers and partners; the achievement of expected results; and other risks that are described in HP’s Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2008 and HP’s other filings with the Securities and Exchange Commission, including but not limited to HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2007. HP assumes no obligation and does not intend to update these forward-looking statements.

EDS and the EDS logo are registered trademarks of Hewlett-Packard Development Company, LP.

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